Honeywell Automation India Limited (HAIL) has informed the Exchange regarding Resignation of Mr Deepak Goyal, Director IT from the position of Senior Management Personnel (SMP) of HAIL w.e.f. May 14, 2025.
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Mr. Deepak Goyal, Director – IT and Senior Management Personnel (SMP) of Honeywell Automation India Limited (HAIL), has resigned effective May 14, 2025. In his resignation letter, he cited internal organisational changes and the fact that IT services at HAIL are now part of Honeywell's shared services. The disclosure has been made to BSE and NSE under SEBI Listing Regulations, and the reason for exit is purely a corporate restructuring move rather than any personal or governance issue. No replacement or interim arrangement has been announced in this filing.
This is a senior IT leadership exit driven by internal restructuring as IT functions move to a global shared services model, so it is unlikely to affect day-to-day operations or financial performance. Shareholders should watch for any subsequent announcement regarding a replacement or restructuring costs, but near-term stock impact is expected to be minimal.